As a business owner, you need to be prepared to handle any setback. This includes natural disasters. So, how do you ensure the survival of your small business after such a devastating event?
In episode #92, Elizabeth Larkin, Gene Marks and their special guest, CEO Paul Quintero of Accion, discuss not only how you can prepare your business for natural disasters, but also how to diminish its recovery time once they actually occur.
Executive Summary
1:09—Today's Topic: How Do I Ensure the Survival of My Business During a Natural Disaster?
5:14—The first response to any natural disaster is to keep your business running or reach out to financial resources that will enable you to stay open.
6:03—Make sure that the needs of your employees and clientele are taken care; your business cannot fully recover until those who contribute to it have access to adequate shelter and other basic necessities.
8:58—Take into account the time it takes actually access the necessary relief funds and plan accordingly.
10:50—Business owners should familiarize themselves with all quick-funding resources and economic first responders prior to any disasters, so that they can diminish the time it takes to receive the necessary help.
17:24—Prepare your business for the unexpected by building your own financial reserve and establishing a line of credit beforehand.
19:03—Invest in some form of insurance as well as any devices that can physically enable you to keep your business running during a disaster.
Links
FEMA
Disaster Assistance
Small Business Association (SBA)
Ready
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Transcript
Elizabeth: Welcome back to another addition of the Small Biz Ahead Podcast. Today, we have a special guest and we're going to be talking about a special topic that's been in the news a lot lately. Our special guest today is Paul Quintero, he is the CEO of Accion headquartered in New York. Paul, tell us a little bit about what Accion does,